Cyient Reports Q3 Results: Net profit decreases by 31.7% to ₹122.3 crore, while revenue increases by 4% quarter-over-quarte
Cyient Reports Q3 Results: Leading IT company, Cyient, unveiled its financial results for the October-December quarter of fiscal year 2024-25 (Q3FY25) on Thursday, January 23. The company reported a decrease of 31.7% in profits, amounting to ₹122.3 crore, compared to ₹179 crore in the previous September quarter.
Despite the decline in profits, Cyient saw a 4.2% increase in revenue from operations during the third quarter of the current fiscal year, reaching ₹1,926.4 crore, up from ₹1,849 crore in the September quarter. The company’s stock experienced a six percent surge in trading before the official announcement of the Q3FY25 results.
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